Title
Resolution to Accept Matching Funding from NC Department of Transportation to Reduce Local Match for Federal Fiscal Year 2017 FTA Congestion Mitigation Air Quality Grant
Body
Department: Transportation
Council District: Citywide
Public Hearing: NA
Advertising Date/By: NA
Contact 1 and Phone: Adam Fischer 373-2861
Contact 2 and Phone: Bruce Adams 412-6237
PURPOSE:
The City of Greensboro received funds in the amount of $1,477,497 from the Federal Transit Administration (FTA) for the purchase of three (3) replacement 40 foot electric buses. The North Carolina Department of Transportation recently approved a state match funding request in the amount of $121,676 to support eligible expenses. A resolution must be approved to accept these funds.
BACKGROUND:
At the August 15, 2017 meeting, the Greensboro City Council approved a budget ordinance establishing FY2017 FTA Congestion Mitigation Air Quality Grant funding in the amount of $1,477,497. These funds will be used to replace three (3) buses that have exceeded FTA's useful life standards, both in years of service and mileage. The useful life standards are 12 years or 500,000 miles for a fixed route bus.
The purchase and delivery of the three (3) 40 foot buses will take place during fiscal year 2019 and amount to a total cost of $1,738,232. The North Carolina Department of Transportation has approved a state funding match request in the amount of $121,676 (7%) for this purchase. This will reduce the City's local match to $139,059 (8%). Previously, the 15% required local match was coming entirely out of GTA's local transit fund.
BUDGET IMPACT:
The North Carolina Department of Transportation will contribute $121,676 towards the purchase of the three (3) replacement buses during fiscal year 2019, thereby lowering the City's local match amount.
The original funding is as follows:
$1,477,497 (85%) Federal Grant
$260,735 (15%) Local Match
$1,738,232
The revised funding is as follows:
$1,477,...
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